John Bean Technologies upgraded by JP Morgan with a new price target
$JBT
Industrial Machinery/Components
Industrials
JP Morgan upgraded John Bean Technologies from Underweight to Neutral and set a new price target of $130.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/12/2024 | Market Outperform | CJS Securities | |
| 12/12/2024 | $130.00 | Hold | Jefferies |
| 10/27/2022 | Outperform → Mkt Perform | William Blair | |
| 2/24/2022 | $185.00 → $140.00 | Overweight | Wells Fargo |
| 1/10/2022 | $165.00 → $185.00 | Overweight | Wells Fargo |
| 10/4/2021 | $130.00 | Underweight → Neutral | JP Morgan |
JBT Corporation (NYSE:JBT) announced that on December 3, 2024, its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on December 27, 2024, to stockholders of record at the close of business on December 13, 2024. JBT Corporation (NYSE:JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT designs, produces and services sophisticated products and systems for a broad range of end markets, generating roughly one-half of its annual revenue from recurring parts, service, rebuilds, and leasing operations. JBT employs approximately 5,100 people worldwide and
Third Quarter Highlights: (Results are from continuing operations with comparisons to the prior year period) Achieved another strong quarter with orders of $440 million and backlog of $698 million Revenue of $454 million increased 12 percent Income from continuing operations of $38 million and adjusted EBITDA of $82 million both increased 23 percent Earnings per share (EPS) of $1.18 and adjusted EPS of $1.50 increased 22 percent and 35 percent, respectively On track to complete remaining items and close combination with Marel hf. (Marel) on or about the end of 2024 JBT Corporation (NYSE:JBT), a leading global technology solutions provider to high-value segments of the food &
JBT Corporation (NYSE:JBT) will report third quarter 2024 financial results after the market closes on Tuesday, October 22, 2024. A conference call is scheduled for 10:00 AM ET on Wednesday, October 23, 2024. Please register in advance to participate in the conference call: Conference Call Registration Upon registering for the conference call, participants will receive dial-in information, as well as a unique registrant and conference ID that they will use to access the event. The call will be simultaneously webcast, for listen-only mode, by accessing the following website: Webcast Registration. The webcast will also be available for replay shortly after the call ends. This information